WOOD Flash – AROBS Transilvania Software: FY23 results – awaiting the calming of IT spending headwinds
AROBS presented its preliminary FY23 IFRS results yesterday (4 March), providing colour on the split of organic and nonorganic revenues, and IFRS adjustments compared to Romanian standards (e.g., the quarterly reports presented last year). Management deferred in guiding for 2024E until it has published its budget for the year (the AGM is scheduled for 29 April, so it should be available no less than 30 days before).
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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